Athabasca Oil (TSE:ATH – Free Report) had its price objective upped by Royal Bank of Canada from C$5.50 to C$6.00 in a research report released on Friday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the oil and gas exploration company’s stock.
Several other research firms have also commented on ATH. Scotiabank set a C$6.50 price objective on shares of Athabasca Oil and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Raymond James upgraded shares of Athabasca Oil to a “hold” rating in a research note on Thursday, October 17th. National Bankshares decreased their price target on shares of Athabasca Oil from C$7.50 to C$6.50 in a research note on Friday, September 27th. ATB Capital lifted their price target on shares of Athabasca Oil from C$7.00 to C$7.50 in a research note on Thursday, July 25th. Finally, TD Securities decreased their price target on shares of Athabasca Oil from C$6.00 to C$5.50 in a research note on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Athabasca Oil has a consensus rating of “Moderate Buy” and a consensus target price of C$6.25.
Read Our Latest Research Report on Athabasca Oil
Athabasca Oil Trading Down 2.3 %
Insiders Place Their Bets
In related news, insider Athabasca Oil Corporation acquired 259,700 shares of the business’s stock in a transaction on Friday, August 30th. The shares were bought at an average price of C$5.38 per share, with a total value of C$1,396,848.39. In related news, insider Athabasca Oil Corporation acquired 259,700 shares of the business’s stock in a transaction on Friday, August 30th. The shares were bought at an average price of C$5.38 per share, with a total value of C$1,396,848.39. Also, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$5.57, for a total transaction of C$1,198,879.20. 0.24% of the stock is owned by corporate insiders.
About Athabasca Oil
Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.
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